high-yield bond fund

(redirected from High Yield Bond Fund)

High-Yield Bond Fund

A mutual fund that invests predominantly or exclusively in junk bonds. Because junk bonds have low credit ratings, they offer a comparatively high return. High-yield bond funds generally have portfolios containing at least two-thirds junk bonds. They provide a way for investors to take advantage of the return offered by a junk bond while also avoiding the risk of investing in a single bond at a high risk of default. See also: Investment grade.

high-yield bond fund

An investment company that attempts to produce unusually high income for its shareholders by maintaining a corporate bond portfolio that contains at minimum two thirds lower-rated bonds (Baa by Moody's; BBB by S&P).
References in periodicals archive ?
RBC Global Asset Management Inc, a part of Royal Bank of Canada (RBC) (TSX: RY) (NYSE: RY), has said that the name of RBC Monthly Income High Yield Bond Fund will change to RBC Strategic Income Bond Fund, effective January 25, 2016,.
Peter Schwab to Manage High Yield Bond Fund for Leading Sustainable Investment Firm
today announced the following change to the PH&N High Yield Bond Fund.
Mr Gledhill, manager of New Star's new High Yield Bond Fund, said: ``I believe this is an asset class serious investors can't afford to ignore.
My savings earn 2pc interest, which is disgracefully low, so I am attracted by the New Star High Yield Bond Fund which offers 7pc.
Nationwide Funds Group today announced that shareholders of the UBS High Yield Fund and UBS Global Equity Fund have approved the mergers and reorganizations of those funds into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund.
RBC BlueBay Global High Yield Bond Fund The RBC BlueBay Global High Yield Bond Fund invests primarily in fixed income securities issued by sub-investment grade companies globally.
today announced that PH&N High Yield Bond Fund will re-open to new investors effective October 14, 2014.
Effective on or about January 9, 2015, Monegy Inc will become the portfolio manager for BMO High Yield Bond Fund and effective on or about January 9, 2015, F&C Management Limited (F&C) will become the sub-advisor for BMO European Fund.
iShares Emerging Markets High Yield Bond Fund (EMHY)
PK) (OTC: BACHY), and Citigroup Global Markets (NYSE: C) have jointly announced the launch of the BOCHK RMB High Yield Bond Fund.
2 million for the Predacity Emerging Markets High Yield Bond Fund Ltd (the "Fund").